Increase Accounts Payable Exam
amyjhon2013Question 1
Increase Accounts Payable with a:
Answer Debit
Credit
Question 2
The account classification for Owner's Withdrawals is:
Answer
Asset
Liability
Equity
Revenue
Expense
Question 3
The normal balance for Consulting Revenue is:
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Credit
Question 4
Decrease Utilities Expense with a:
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Credit
Question 5
Increase Accounts Receivable with a:
Answer Debit
Credit
Question 6
The account classification for Cash is
Answer Asset
Liability
Equity
Revenue
Expense
Question 7
The normal balance for Equipment is:
Answer Debit
Credit
Question 8
Increase Consulting Revenue with a:
Answer Debit
Credit
Question 9
Increase Cash with a
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Credit
Question 10
Consulting Revenue would appear on the:
Answer Balance Sheet
Income Statement
Statement of Owner's Equity
Question 11
The normal balance for Rent Expense is:
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Credit
Question 12
The normal balance for Accounts Payable is:
Answer Debit
Credit
Question 13
Decrease Owner's Capital with a:
Answer Debit
Credit
Question 14
The normal balance for Cash is
Answer Debit
Credit
Question 15
Accounts Payable would appear on the:
Answer Balance Sheet
Income Statement
Statement of Owner's Equity
Question 16
The account classification for Accounts Payable is:
Answer Asset
Liability
Equity
Revenue
Expense
Question 17
The account classification for Supplies is:
Answer Asset
Liability
Equity
Revenue
Expense
Question 18
Supplies would appear on the:
Answer Balance Sheet
Income Statement
Statement of Owner's Equity
Question 19
Equipment would appear on the:
Answer Balance Sheet
Income Statement
Statement of Owner's Equity
Question 20
The account classification for Consulting Revenue is:
Answer Asset
Liability
Equity
Revenue
Expense
Question 21
Decrease Notes Payable with a:
Answer Debit
Credit
Question 22
Increase Owner Withdrawals with a:
Answer Debit
Credit
Question 23
Increase Equipment with a:
Answer Debit
Credit
Question 24
The normal balance for Owner's Capital is:
Answer Debit
Credit
Question 25
The normal balance for Owner Withdrawals is:
Answer Debit
Credit
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